Blackstone Real Estate Income Trust Completes Acquisition of WPT Industrial Real Estate Investment Trust

Funding Rounds

▤ Summary

TORONTO & NEW YORK--(BUSINESS WIRE)--Blackstone Real Estate Income Trust, Inc. (“BREIT”) announced that an affiliate has completed its acquisition of WPT Industrial Real Estate Investment Trust (TSX: WIR.U; WIR.UN) (OTCQX: WPTIF) (“WPT”) in a series of transactions that resulted in unitholders receiving US$22.00 per outstanding unit of WPT (collectively, “Units”) (subject to applicable withholdings) in an all-cash transaction valued at US$3.2 billion, including the assumption of debt (the “Transaction”). The Units will be delisted from the Toronto Stock Exchange at the close of business today and WPT will apply to cease to be a reporting issuer under applicable Canadian securities law. BREIT is externally managed by a subsidiary of Blackstone (NYSE: BX), a global leader in real estate investing. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this document (or BREIT’s prospectus and other filings). Except as otherwise required by federal securities laws, BREIT undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

$ Funding

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Amount - Total raised
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Date - Announcement date
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Investors Hodgson Martin Ltd. Lead investors
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Company - Funded company

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